SPPY.DE vs. ZPDH.DE
SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) are both exchange-traded funds - SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index, while ZPDH.DE is a Health & Biotech Equities fund tracking the S&P Health Care Select Sector. Both are passively managed. Over the past 5 years, SPPY.DE returned 14.54%/yr vs 6.39%/yr for ZPDH.DE. A 0.59 correlation means they provide meaningful diversification when combined. SPPY.DE charges 0.10%/yr vs 0.15%/yr for ZPDH.DE.
Performance
SPPY.DE vs. ZPDH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPY.DE achieves a 12.87% return, which is significantly higher than ZPDH.DE's 5.62% return.
SPPY.DE
- 1D
- 0.02%
- 1M
- 0.78%
- 6M
- 12.02%
- YTD
- 12.87%
- 1Y
- 25.66%
- 3Y*
- 19.24%
- 5Y*
- 14.54%
- 10Y*
- —
ZPDH.DE
- 1D
- 0.53%
- 1M
- 5.72%
- 6M
- 3.79%
- YTD
- 5.62%
- 1Y
- 23.11%
- 3Y*
- 7.37%
- 5Y*
- 6.39%
- 10Y*
- 9.06%
SPPY.DE vs. ZPDH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 12.87% | 4.43% | 32.86% | 26.94% | -14.48% | 41.13% | 8.01% | 3.47% |
ZPDH.DE SPDR S&P US Health Care Select Sector UCITS ETF | 5.62% | 1.74% | 8.46% | -1.75% | 3.34% | 37.75% | 1.69% | 3.69% |
Correlation
The correlation between SPPY.DE and ZPDH.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | 0.60 |
Over the past year, the correlation between SPPY.DE and ZPDH.DE has dropped to 0.21 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.
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Return for Risk
SPPY.DE vs. ZPDH.DE — Risk / Return Rank
SPPY.DE
ZPDH.DE
SPPY.DE vs. ZPDH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPPY.DE | ZPDH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.67 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.26 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 3.80 | 2.13 | +1.67 |
| Martin ratioReturn relative to average drawdown | 14.56 | 5.27 | +9.29 |
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Drawdowns
SPPY.DE vs. ZPDH.DE - Drawdown Comparison
The maximum SPPY.DE drawdown since its inception was -33.33%, which is greater than ZPDH.DE's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and ZPDH.DE.
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Drawdown Indicators
| SPPY.DE | ZPDH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.33% | -26.63% | -6.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.72% | -10.79% | +4.07% |
Max Drawdown (3Y)Largest decline over 3 years | -23.81% | -22.66% | -1.15% |
Max Drawdown (5Y)Largest decline over 5 years | -23.81% | -22.66% | -1.15% |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -0.54% | -3.48% | +2.94% |
Average DrawdownAverage peak-to-trough decline | -4.77% | -6.99% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.76% | 4.37% | -2.61% |
Volatility
SPPY.DE vs. ZPDH.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) is 2.39%, while SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) has a volatility of 5.55%. This indicates that SPPY.DE experiences smaller price fluctuations and is considered to be less risky than ZPDH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPY.DE | ZPDH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.39% | 5.55% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 8.07% | 11.02% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.77% | 15.28% | -3.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.46% | 14.63% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.47% | 16.71% | +0.76% |
SPPY.DE vs. ZPDH.DE - Expense Ratio Comparison
SPPY.DE has a 0.10% expense ratio, which is lower than ZPDH.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPPY.DE vs. ZPDH.DE - Dividend Comparison
Neither SPPY.DE nor ZPDH.DE has paid dividends to shareholders.
Frequently Asked Questions
SPPY.DE and ZPDH.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.15% for ZPDH.DE.
SPPY.DE is categorized as S&P 500, while ZPDH.DE is Health & Biotech Equities. SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while ZPDH.DE tracks S&P Health Care Select Sector. Their fees differ too: 0.10% for SPPY.DE and 0.15% for ZPDH.DE.
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